Definition of Accounting system:
Organized set of manual and computerized accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for management decisions.
How to use Accounting system in a sentence?
- You should have an easy to use accounting system in place so that any new hire can quickly adapt to it.
- We painstakingly converted our manual accounting system to one that is fully automated thereby allowing us real time access to financial data.
- The accounting system had been used for decades and it was time to upgrade the system which entailed a complex conversion project.
Meaning of Accounting system & Accounting system Definition